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germany is the obvious one being impacted. >> that is fairly key. what germany is doing is they are trying to get everyone back to the table in geneva. they think that what is happening, despite the actions and the peace agreement that was signed in april, things are getting worse. you look at odessa. an industrial part of the country. that is a key part. we will continue to watch this. the violence is just getting worse. >> it is destabilizing the market. the servicendex of industry rose in april. in march.y from 54.5 that is after manufacturing came in below expectations. we will get another view of the economy later when hsbc releases its latest survey. more pressure on the chinese it you want. traders are the most pessimistic in months. regulator soldhe derivatives. it did not fully disclose it. it has weakened more than 3% this year. it is the worst performing currency in asia. slow and steady for australia's bank. reported an 11% increase. money management fees boost his results. apple claimed a narrow victory over smartphone technology. this
germany is the obvious one being impacted. >> that is fairly key. what germany is doing is they are trying to get everyone back to the table in geneva. they think that what is happening, despite the actions and the peace agreement that was signed in april, things are getting worse. you look at odessa. an industrial part of the country. that is a key part. we will continue to watch this. the violence is just getting worse. >> it is destabilizing the market. the servicendex of...
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. >> germany is the key. >> germany is one key. we have chancellor merkel meeting with barack obama. that is the number one topic on their agenda, along with nsa and tapping her phone. >> what did you say last year -- [laughter] >> he may know what she is thinking. >> let's talk about the effect on american economies. -- companies. is there any consideration to say, get out of russia? >> they are the ones doing the outreach. i asked if companies are lobbying for less sanctions. the administration responded, we are going to them and asking them to cut their russian exposure. citibank cut their russian exposure nine percent. the white house has been lobbying and getting success with major american companies and ceo's were supposed to go to an economic conference sponsored by putin. some are pulling out entirely or reducing their delegations. >> if he keeps escalating, is there any chance that america would take military action or at least aid the ukrainians with lethal arms? >> two separate questions. on taking military action oursel
. >> germany is the key. >> germany is one key. we have chancellor merkel meeting with barack obama. that is the number one topic on their agenda, along with nsa and tapping her phone. >> what did you say last year -- [laughter] >> he may know what she is thinking. >> let's talk about the effect on american economies. -- companies. is there any consideration to say, get out of russia? >> they are the ones doing the outreach. i asked if companies are lobbying...
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germany gets $50.2 billion in exports to russia. german lobby groups are counting numbers of 3000 jobs are dependent on russian trade. interest as well. there is major interest in pushing hard on angela merkel. >> doesn't germany import a lot of natural gas from russia? other issues is on the energy side of things. you heard president obama and chancellor merkel address that today. what we're looking at next, according to officials, and the president, if sanctions are to be expanded they're going to target entire sectors. financial services, defense, and that should mean energy. when it comes to europe, that is a major problem. what chancellor merkel said today, six countries are 100% reliant on russian gas. germans are taking a third of their gas from russia. before -- for sex how they do the is a huge question right now because of the damage that would be in norma's in the european area. waxing want to thank you for this developing story. when russian forces invaded the ukraine crimea peninsula in late february, it prompted one jo
germany gets $50.2 billion in exports to russia. german lobby groups are counting numbers of 3000 jobs are dependent on russian trade. interest as well. there is major interest in pushing hard on angela merkel. >> doesn't germany import a lot of natural gas from russia? other issues is on the energy side of things. you heard president obama and chancellor merkel address that today. what we're looking at next, according to officials, and the president, if sanctions are to be expanded...
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germany has a great business relationship with russia. wentieve gerhard schroder to work for a russian company after he was chancellor of germany. it seems that america has this , cold war,0's style leftover unhappiness, but no reason to be so worried. quickly direct economic interest in ukraine for the united states is not great. is alsode with russia not huge, although companies such as exxon mobil and boeing have important projects in russia. but it is important for foreign policy credibility. the u.s. has certain red lines. it committed to defending ukraine's territorial sovereignty. that credibility is important with respect to asia. president obama was reassuring asian partners and allies the u.s. would come to their defense in a situation in which chinese territorial ambitions seem to be growing. or is a broader repercussion that goes beyond ukraine and russia for the united states. >> we seem to be spreading ourselves them. we are going to defend asian countries against china? we are going to defend the ukraine against russia? did
germany has a great business relationship with russia. wentieve gerhard schroder to work for a russian company after he was chancellor of germany. it seems that america has this , cold war,0's style leftover unhappiness, but no reason to be so worried. quickly direct economic interest in ukraine for the united states is not great. is alsode with russia not huge, although companies such as exxon mobil and boeing have important projects in russia. but it is important for foreign policy...
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May 2, 2014
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is germany willing to sacrifice short-term economic growth to put pressure on president putin? that is a fundamental question that needs to be answered. >> do you think they will be able to come up with an answer? >> mohamed nailed the biggest question about the meeting today. when it comes to the next round of sanctions, the big hammer the west has had hanging over fiber over vladimir putin has been the sectoral sanctions. $50 will take a major hit, billion of imports. angela merkel is hearing from their business interests. they don't want anything to do with the sectoral sanctions. her ability to stay aligned with the president is crucial for sectoral sanctions to work and not be implemented in patchwork fashion. >> mohamed, you mentioned because the economy is getting tighter that the cost of protectionism is rising as well. >> it is interesting we have not seen protectionism happen like you would have expected when we went into a major economic slowdown. the key issue now is step-by-step this diplomacy normally would favor -- you step onvor, does this step which seems appea
is germany willing to sacrifice short-term economic growth to put pressure on president putin? that is a fundamental question that needs to be answered. >> do you think they will be able to come up with an answer? >> mohamed nailed the biggest question about the meeting today. when it comes to the next round of sanctions, the big hammer the west has had hanging over fiber over vladimir putin has been the sectoral sanctions. $50 will take a major hit, billion of imports. angela...
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you look at eu exports to germany, 30% of them germany. you exports to russia. how for will she push on sanctions? >> how does the dialogue change over what we have seen in the last six hours? frozendialogue is between what happened late last night, which was russia's calling -- this call from russia telling the ukrainian president to pull his troops out of his country. a last conversation that we know of between merkel and prudent -- merkel and putin was yesterday. it is so hard to tell what's going on on the ground right now. there is a helicopter that was shut down -- shot down. it is a question of how much can obama push merkel for additional sanctions. -- merkel and putin speaking on the phone every 10 days. >> there was just this time in june of last year that obama visited here and gave a speech and he and merkel had quite a bit of time there. and ukraine not happened, this would have been an ugly visit because merkel would have complained about edward snowden and to the nsa and all the eavesdroppings. a lot of that has been brushed aside and the focus wi
you look at eu exports to germany, 30% of them germany. you exports to russia. how for will she push on sanctions? >> how does the dialogue change over what we have seen in the last six hours? frozendialogue is between what happened late last night, which was russia's calling -- this call from russia telling the ukrainian president to pull his troops out of his country. a last conversation that we know of between merkel and prudent -- merkel and putin was yesterday. it is so hard to tell...
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a white house spokesman said that germany's anger over the nash -- over the nsa surveillance program which caused merkel to cancel a u.s. trip last year will not complicate a joint effort to address the situation in ukraine. u.s. employers probably boosted payrolls in april by the most in five months. economists predict that the u.s. added 218,000 jobs last month after a gain of 192000 and march. a pickup in april would follow data this week showing that households spent more freely and manufacturing accelerated. to the pollstakes next week in the country's finance minister seems sure that the ruling anc will retain power. we sat down for an exclusive conversation. having the advantage of an institution like the african national congress which will win the election by significant majority means there is continuity and transparency and relative certainty about what we intend to do. we have a record of translating election manifestoes and a commitment to the national development plan into business plans for government departments. >> south africa's true growth potential is being hamper
a white house spokesman said that germany's anger over the nash -- over the nsa surveillance program which caused merkel to cancel a u.s. trip last year will not complicate a joint effort to address the situation in ukraine. u.s. employers probably boosted payrolls in april by the most in five months. economists predict that the u.s. added 218,000 jobs last month after a gain of 192000 and march. a pickup in april would follow data this week showing that households spent more freely and...
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May 1, 2014
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it's got to negotiate with budget telecom back in germany, t-mobile.of >> u.s. regulators seem to be the hurdle. i think back to the at&t deal in 2011, everyone thought it will pass but u.s. regulators stopped it. what is he thinking? at&t buying t-mobile is different from sprint brine t-mobile. at&t is one of the big dominant ones up there with verizon. they are one and two. three and four are a distant three and four. he said, you put three and four together, we are still going to struggle to compete with one and two. also if you have the comcast situation. in a lot of ways, all of this is coming together. cable companies and dish companies and phone companies are all becoming one. he is going to argue that the landscape is different and it was just a few years ago. >> so they are trying to piggyback on the comcast-time warner cable deal, hoping regulators will see it as the whole industry shaking up. >> there was the airline deal when american airlines merge with u.s. air. you ask how it is relevant. the regulators let a deal go through that a number of folks
it's got to negotiate with budget telecom back in germany, t-mobile.of >> u.s. regulators seem to be the hurdle. i think back to the at&t deal in 2011, everyone thought it will pass but u.s. regulators stopped it. what is he thinking? at&t buying t-mobile is different from sprint brine t-mobile. at&t is one of the big dominant ones up there with verizon. they are one and two. three and four are a distant three and four. he said, you put three and four together, we are still...
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t mobile is 67% owned by germany's deutsche telekom. that's why it is so confusing. >> is the government involved? >> absolutely, you have to get this passed the fcc and the department of justice. is the fourth-largest carrier in the u.s. only block the at&t deal with everyone thought would go through. >> $23 billion is the valuation? julian emmanuelle is with us from ubs. the fed has expressed confidence that we can grow going forward given the fact that we are continuing to taper. now we are seeing corporate executives express the same confidence in m&a. a month ago, we predicted it could grow by 17% this year. now, the numbers look like it's closer to 40%. >> will we see nominal gdp? you guys say the word confidence too much. that's what this is about. >> we were just talking about capex. m&a is just buying someone else's capital stock. you will get rewarded for that in the future. i bring it back to getting off the zero rate environment. i think zero rate of the most corrosive thing that anyone has ever seen and if you want proof lo
t mobile is 67% owned by germany's deutsche telekom. that's why it is so confusing. >> is the government involved? >> absolutely, you have to get this passed the fcc and the department of justice. is the fourth-largest carrier in the u.s. only block the at&t deal with everyone thought would go through. >> $23 billion is the valuation? julian emmanuelle is with us from ubs. the fed has expressed confidence that we can grow going forward given the fact that we are continuing...
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referring to the experience of germany. strictly't follow very . we are in a recovery stage and italy has got a public debt a bit higher than what germany had. i still think that the structural reforms they need do not require big deficits. they require implementation. i still prefer to see more work on structural reforms rather than saying -- >> it might be easier. that was the point i was making. >> it you look at the structural reforms, it boils down to the problem italy has had before. politics, it is mustering the support to push these reforms and have the dozens of political parties backing matteo renzi. is he the guy that is going to push this through? if he doesn't, does italy have a chance? >> it is more likely that renzi then berlusconi's government. willingness to implement structural reforms. renzi does have a fragmented majority behind him. however, it is also in the interest of the party. so renzi has to master the actually giving up implementing reforms. >> institutional reform or structural reform? one presumably has to go hand-in-h
referring to the experience of germany. strictly't follow very . we are in a recovery stage and italy has got a public debt a bit higher than what germany had. i still think that the structural reforms they need do not require big deficits. they require implementation. i still prefer to see more work on structural reforms rather than saying -- >> it might be easier. that was the point i was making. >> it you look at the structural reforms, it boils down to the problem italy has had...
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it is owned by deutsche telekom in germany. it is a separate company in the states. when at&t try to buy it. wall street thought it would go through. it was price in. and the regulator said no. softbank need to get regulatory approval. the need to make the case this will not harm consumers. it will give consumers more options. >> so hans, who might run the company? >> john leger. the leading candidate. he is the current ceo and president of t-mobile usa. he is the leading candidate. deutsche telekom and softbank are talking about potential names. this is not a done deal. john leger a colorful figure. we have colors of him -- p ictures of him crashing and at&t consumer electronic show. if he's head of this new company, maybe he can get into mclemore parties by by himself. >> you see him with the pink t-shirt. hans nichols with the very latest possible merger. still with us for more of his views on the markets, the global seed investment officer -- global investment officer. before the break, we were talking about what you like in the markets. you are quite keen on ris
it is owned by deutsche telekom in germany. it is a separate company in the states. when at&t try to buy it. wall street thought it would go through. it was price in. and the regulator said no. softbank need to get regulatory approval. the need to make the case this will not harm consumers. it will give consumers more options. >> so hans, who might run the company? >> john leger. the leading candidate. he is the current ceo and president of t-mobile usa. he is the leading...
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be trading because everything is closed due to the holiday making me the least important person in germany because i'm working. >> i do feel sorry for him. >> you are definitely important to us. thanks for showing up. >> don't miss a conversation with t-mobile president, john legere on "bloomberg west." >> underscoring weakness. we are bringing in mia saini from hong kong. china has passed the biggest changes in pollution regulation and now we see this manufacturing member coming in lower than estimated. those are to some extent linked. >> that's a very good point. like hans, i'm working on my holiday and the chinese markets are closed for labor day, including hong kong. we have the april pmi figures coming in at 50.4, lower than the median estimate. march is 50.3. this is still expansion territory, anything above 50. really feeling the brunt of this because of the breakdown of the type of enterprises is that they are still in expansion mode while the smaller ones are contracting. that's 10% of the overall 50.4 number. the pmi reports from today and last week in terms of that consistently
be trading because everything is closed due to the holiday making me the least important person in germany because i'm working. >> i do feel sorry for him. >> you are definitely important to us. thanks for showing up. >> don't miss a conversation with t-mobile president, john legere on "bloomberg west." >> underscoring weakness. we are bringing in mia saini from hong kong. china has passed the biggest changes in pollution regulation and now we see this...
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Apr 30, 2014
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why can't we be more like germany? dividedse we have a government in washington that is completely gridlocked on the subject of economic policy. so we get absolutely nothing out of washington leading the fed to carry the bomb. impetus on one particular level of policy and it's already so pushed to the extreme, potentially bad things are going to happen down the road. he will have unintended consequences. maybe another financial crisis you're notnt. helping the long-term unemployed. >> you worked for years at bear economics. now rdq do you still have the worry of future inflation? inflation could be a problem in the future? >> i do. right now, the liquidity the fed idle on banks balance sheet. we start to reconnect the banks willingness to lend with the amount of reserve they have available, the money supply could literally explode and the fed could do little about it. we saw that in the 1970's. we have sort of forgotten about the potential for that to happen. i think that risk is there. >> we're thrilled to have you he
why can't we be more like germany? dividedse we have a government in washington that is completely gridlocked on the subject of economic policy. so we get absolutely nothing out of washington leading the fed to carry the bomb. impetus on one particular level of policy and it's already so pushed to the extreme, potentially bad things are going to happen down the road. he will have unintended consequences. maybe another financial crisis you're notnt. helping the long-term unemployed. >> you...
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particularly in germany. we know southern europe is in deflation and has been for three or four years as part of the adjustment process. face a they will have to reality. we made the euro at 1.18 in 1995, we lost $11 million from europe to the u.s. -- we last 11 europe tobs from u the u.s.. we have a currency which is 1.39 to the dollar -- 3820 as we speak. time for action? what happens now? fort is time for action people within europe. the european election. i think the anti-euro movement will get around 20%. that means eventually it is going to get fed up. >> is there anything mario draghi can do? have 250 million people in europe, if one man had the power to solve the problem of 250 million people, that would be too easy. havecb and the bundesbank to come to terms. how can we keep the euro project together. the euro is clearly overvalued on any metric. and theyindustrialists will agree. people around the world say how can that be possible -- it is very simple -- you have to fed, bank of england, the bank o
particularly in germany. we know southern europe is in deflation and has been for three or four years as part of the adjustment process. face a they will have to reality. we made the euro at 1.18 in 1995, we lost $11 million from europe to the u.s. -- we last 11 europe tobs from u the u.s.. we have a currency which is 1.39 to the dollar -- 3820 as we speak. time for action? what happens now? fort is time for action people within europe. the european election. i think the anti-euro movement will...
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really pushing hard to germany and france. kate mavs is not just a british style icon. she is a worldwide famous face. she has helped launch -- kate styles not just a british icon. she is a worldwide famous face. she has helped launch many -- i think it was in 19 [indiscernible] at the tender age of 14. this is why this is all about kate moss the business. she rates and 12 million pounds. gather inre tax x i >. collection good >> there was a stampede to get in when it was unveiled. people were snatching dresses off the racks. in the likes of -- there are many tactics. u.k.ct, if you're in the or from the united states, all of the designs of kate moss from nordstrom, it will be out before the rest is out good you can go online and start ordering. it will be interesting to see how many are there for ebay. still buy some of those dresses for 130 pounds. she does seem to be a bit of an icon. it launches across the world later. back to you. >> thank you. i look forward to that. think the the people strategy was to drink wine. [laughter] i'm sure that something a dangerous co
really pushing hard to germany and france. kate mavs is not just a british style icon. she is a worldwide famous face. she has helped launch -- kate styles not just a british icon. she is a worldwide famous face. she has helped launch many -- i think it was in 19 [indiscernible] at the tender age of 14. this is why this is all about kate moss the business. she rates and 12 million pounds. gather inre tax x i >. collection good >> there was a stampede to get in when it was unveiled....
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in demonstrations or in germany? u.k., madrid, ukraine? it happens everywhere. unfortunately this is not something we would like to see but it happens. if you resort to violence, then such unwanted consequences occur. who is it that resorts to violence? it's not the police. those who resort to violence are, unfortunately, people who are in those squares who believe in the games that the illegal organizations play. when they attacked the police using stones or using other devices, molotov cocktails, the police will react to it. these people, as you have noticed, they did not die as a result of the use of weapons. our police would not use weapons. water cannons, for example, or other ways, tear gas. our police do not use weapons to kill people. we have to be very sensitive to these issues. we never said "no" to protests. people protest, they can meet but we do not agree on vandalism or fascist pressures. we do not agree with demonstrations which resemble terrorist actions. what we do is we show some areas, places for demonstration and we provide those. they want t
in demonstrations or in germany? u.k., madrid, ukraine? it happens everywhere. unfortunately this is not something we would like to see but it happens. if you resort to violence, then such unwanted consequences occur. who is it that resorts to violence? it's not the police. those who resort to violence are, unfortunately, people who are in those squares who believe in the games that the illegal organizations play. when they attacked the police using stones or using other devices, molotov...
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europe, germany has a growth rate of 0.8% in turkey has a growth rate of 4%. how can you have corruption and achieve all of this? it is clear for all to see. the people appreciated that and they were 45 .5% in favor of this government. otherwise why would they keep voting us in? quite, to stay with us for a second. --y also raise the question >> i want to come back to this. the same people that were there are prosecuting the military and you seemed to agree with that at the time. then when they came after you, you look back at what they did in the military and they said maybe it was not good. have you changed your mind about the legitimacy of the prosecution against the military? >> let me tell you one thing. we are always against wrongdoing. when the chief of general staff was arrested, i made some statements then. if you go back and look at those that ints, you will see have said i did not think it was right for him to be kept in custody and remanded to be prosecuted in this way. i said it was not these courts but he should have been subject to the judgment
europe, germany has a growth rate of 0.8% in turkey has a growth rate of 4%. how can you have corruption and achieve all of this? it is clear for all to see. the people appreciated that and they were 45 .5% in favor of this government. otherwise why would they keep voting us in? quite, to stay with us for a second. --y also raise the question >> i want to come back to this. the same people that were there are prosecuting the military and you seemed to agree with that at the time. then...
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it is russia that will feel much more pain than germany. in that sense, the west still has some real cards to play. >> do they have the guts to play them? >> that's an excellent question. >> by renouncing the use of military force, i think the president has undermined his own diplomacy. sanctions are a powerful weapon but russia is a lot bigger than russia -- then i ran -- is a lot bigger than iran. >> there is an institutional malaise, governments are too large and spend too much money. there are people who disagree with you. in your opinion, who is the most dangerous economic thinker writing today? >> i'm going to be extremely careful about answering that. >> you've never been extremely careful to date, why start now? are you kidding me? >> it is important not to personalized debate. the economics profession has a lot to answer for. there have been flawed models that led us into a financial crisis that hardly any professional economists foresaw. they tend to think the world is some kind of machine they can model. that has led us into all
it is russia that will feel much more pain than germany. in that sense, the west still has some real cards to play. >> do they have the guts to play them? >> that's an excellent question. >> by renouncing the use of military force, i think the president has undermined his own diplomacy. sanctions are a powerful weapon but russia is a lot bigger than russia -- then i ran -- is a lot bigger than iran. >> there is an institutional malaise, governments are too large and...
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in germany. the big one for the eurozone comes out tomorrow. and itget low inflation moves gradually back towards target? look for tomorrow's number for any indication of that. europe surges-other day. up by 6/10. plenty of m&a and corporate activity to talk about. $1 trillion worth of bills so far. if you look at earnings, not so good. 44% of the companies on the stock 600. only 40. 4%. you can see the pessimism around you is earnings. so far. missing european stocks are higher. european futures are higher as well. >> jonathan ferro, thank you very much, indeed very >> earlier, we looked at how bp's business in the country could be affected. now, let's look at a different side effect, possible side effect of sanctions. ceo.e joined by christie's he joins us for an exclusive conversation. his gray chevy here. thank you for coming in. soon.a bit too next week we have our impressionist sale in new york city. our impressions right now is that there won't be that much change in the activity of our ke
in germany. the big one for the eurozone comes out tomorrow. and itget low inflation moves gradually back towards target? look for tomorrow's number for any indication of that. europe surges-other day. up by 6/10. plenty of m&a and corporate activity to talk about. $1 trillion worth of bills so far. if you look at earnings, not so good. 44% of the companies on the stock 600. only 40. 4%. you can see the pessimism around you is earnings. so far. missing european stocks are higher. european...
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the headline number four germany. mario draghi said the qe was not imminent. it does not seem that way. .65 pushing higher. we are looking for nine percent of the quarter. it will be the best quarter since 2010. the bank of england, there'll .5%. does it take before somebody at the bank of england comes out? much.nk you so the latest on the markets and the british pound. a portfolio manager at sturgeon $190al where he oversees million in assets. great to have him on the program. give me a wide sense of the sanctions. these could've been a lot stronger. they have not been. the markets are taking them and stride. will a common point where they are pricing it wrong? to make sure russia could do the right thing. so far, it does not work. we have to keep in mind which is it is a very important sanction. see the other companies into europe and what to the relationship is. exxon, a lot of companies have shares in russia. we still do not know what will be the consequence. probably, the biggest u.s. sanction. >> you are right. if they have relation with all of the majo
the headline number four germany. mario draghi said the qe was not imminent. it does not seem that way. .65 pushing higher. we are looking for nine percent of the quarter. it will be the best quarter since 2010. the bank of england, there'll .5%. does it take before somebody at the bank of england comes out? much.nk you so the latest on the markets and the british pound. a portfolio manager at sturgeon $190al where he oversees million in assets. great to have him on the program. give me a wide...
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will siemens of germany push inm aside? the crisis ukraine escalates. the crisis in manila says that new sanctions are in order. good morning, everyone. we are live from our world headquarters in new york. i am tom keene. joining me is scarlet fu and adam johnson. our guest host for the hour, the partner at sky bridge capital joining us this morning on the hedge fund industry. >> overnight retail sales rose six point two percent, exceeding estimates. this is happening ahead of the april tax increase in japan. meanwhile, economic data in the dallast 10:30 in fed, manufacturing. earnings before the bell, only one of note, charter, losing $.35, more than expected. it looks like charter is going to get 3.9 million subscribers out of that comcast deal. deal we have a herbalife and buffalo wild wings. >> could be a down component. >> not evenbe. close. let's start with general electric. jeff and melt, going to the top in the offer for the french company. he met with francois hollande this morning, who made a counter offer to him. the french government was con
will siemens of germany push inm aside? the crisis ukraine escalates. the crisis in manila says that new sanctions are in order. good morning, everyone. we are live from our world headquarters in new york. i am tom keene. joining me is scarlet fu and adam johnson. our guest host for the hour, the partner at sky bridge capital joining us this morning on the hedge fund industry. >> overnight retail sales rose six point two percent, exceeding estimates. this is happening ahead of the april...
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a french presidential audience for ge's ceo and a rival bid from germany's siemens. settles a remarkable three-day scramble. hans nichols is in berlin to break down oust him down -- break down alstom's choices. are they going to be open on friday? >> they will not be open until wednesday. they have until then to , oneerate over one bid formal offer. it comes down to one crucial question. here is the ceo of an american company. do you ask for permission from the french government first before putting out that big? jeff himmel had the conversations with alstom. his board has approved it. then the french government got wind of it. today, he has a meeting with french president for an swap along. -- francois hollande. did he oron there is, should he have contacted the french state before he started getting everything in line? what has happened in the meantime, siemens has put together a rival bid. this is an asset swap. siemens would take the energy unit from alstom and give them the train unit. they are prepared to make guarantees for no job cuts for at least three years
a french presidential audience for ge's ceo and a rival bid from germany's siemens. settles a remarkable three-day scramble. hans nichols is in berlin to break down oust him down -- break down alstom's choices. are they going to be open on friday? >> they will not be open until wednesday. they have until then to , oneerate over one bid formal offer. it comes down to one crucial question. here is the ceo of an american company. do you ask for permission from the french government first...
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>> i worked in germany in that period of time. and was there in 1990 when german unification came about. and the soviet union collapsed. and nobody at that time would have imagined that nato would extend to the russian borders and possibly even into ukraine. it was just unthinkable. and nonetheless because there was no real power in russia this is what happened. and at the moment russia has recovered some of its strength and is asserting its strategic interests. i think they have to be substantive negotiations about that. i think the best status for ukraine would be similar to finland and could be part of the west that could be -- >> not certainly part of nato. >> but not part of nato. that's not going to work. and as long as that's clear and you talk to russia about it you don't need sanctions you need substantive negotiations. >> but eastern ukraine. will it secede? will putin go that one step further center nobody knows this of course. but what happens next? >> i don't think so. because i don't even think it's in putin's or rus
>> i worked in germany in that period of time. and was there in 1990 when german unification came about. and the soviet union collapsed. and nobody at that time would have imagined that nato would extend to the russian borders and possibly even into ukraine. it was just unthinkable. and nonetheless because there was no real power in russia this is what happened. and at the moment russia has recovered some of its strength and is asserting its strategic interests. i think they have to be...
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germany 28%. the only snag was the u.s. however, the reaction was quick. >> they like it. over to mia. they can move this. they reported their earnings. that is where the fiscal year is. revenues rising. they are teaming up with twitter. there going to be a reseller and integrate twitter ads into their eggs the steam platform. top markets.he twitter has been struggling to get more ads onto their space. with something like yahoo! which is one of the leading websites, they will be able to get more content. .t is a win-win for both >> i'm going to make this simple and salty. a lot people do not know the name but if you love your sushi age of have a problem with sodium, this is the famous soy sauce. up in earnings after the market posted friday. area impressive. 26%. ,hey announced a share buyback ¥10 billion. >> i love soy sauce. >> that is the verdict from the stock exchange. personal views from our reporters. we will be back. ♪ >> taking sanctions to the very top. targets putin's inner circle. d plans for a stronger military alliance when obama lands today in manila. and
germany 28%. the only snag was the u.s. however, the reaction was quick. >> they like it. over to mia. they can move this. they reported their earnings. that is where the fiscal year is. revenues rising. they are teaming up with twitter. there going to be a reseller and integrate twitter ads into their eggs the steam platform. top markets.he twitter has been struggling to get more ads onto their space. with something like yahoo! which is one of the leading websites, they will be able to...